{
}
[Source]
capitalCORN has successfully advised Uni Seoul on a ₹5 crore seed funding round, led by Sauce VC, a venture capital firm focused on promising consumer brands in India. Founded in 2023 by childhood friends Mohit Khurana and Gaurav Karmani, Uni Seoul is establishing itself in the Korean-inspired lifestyle market.
South Korea's cryptocurrency industry is poised for growth following the June 2 election, as both leading candidates, liberal Lee Jae-myung and conservative Kim Moon-soo, have unveiled pro-crypto policies. This shift indicates a potential positive regulatory environment for the sector.
South Korea's cryptocurrency industry is poised for growth following the June 2 presidential election, with both leading candidates advocating for pro-crypto policies. Lee Jae-myung and Kim Moon-soo aim to ease regulations, legalize spot crypto ETFs, and expand access to digital assets, reflecting a significant shift from past skepticism. The country's unique cultural and economic factors have driven its active crypto market, accounting for about 30% of global trading despite a small population. Concerns over monetary sovereignty have emerged, particularly regarding won-backed stablecoins, as capital outflows linked to US dollar-based stablecoins raise alarms. Lee's proposal for a stablecoin seeks to modernize the financial system, but faces opposition from the Bank of Korea.
World Vision Korea has become the first nonprofit in South Korea to engage in cryptocurrency trading following new regulations for institutional crypto. The organization sold 0.55 Ether (ETH), valued at approximately 1.98 million won ($1,436), on the Upbit exchange. This Ether was donated during a campaign aimed at supporting underprivileged youth in need of school supplies.
Samsung Electronics is close to finalizing a significant investment in Perplexity AI, aiming to integrate the startup's search technology into its devices. The collaboration may involve preloading Perplexity’s app on new Samsung devices and enhancing the Samsung web browser with its search features. Additionally, discussions include incorporating Perplexity’s technology into Samsung’s Bixby virtual assistant.
[Source: Bloomberg]
Nvidia's stock surged while the broader market showed mixed results following a US court's decision to block many of Trump's tariffs. The S&P 500 rose 0.3% in midday trading, the Dow Jones fell by 56 points, and the Nasdaq composite increased by 0.6%, reflecting a shift after an initial rally in Asian markets.
The Asia Economic Summit is poised to be a pivotal event, attracting C-suite executives, investors, and government leaders for a day of strategic discussions and networking opportunities. Attendees will gain insights from main-stage sessions, engage in executive roundtables, and enjoy curated meals designed to foster meaningful connections. Recent funding trends highlight a significant focus on climate tech, with notable investments in startups addressing carbon removal and sustainability.
A U.S. federal court has blocked most of Donald Trump's import tariffs, ruling that he overstepped his authority by imposing sweeping levies under the International Emergency Economic Powers Act. The court deemed the interpretation of the act as unconstitutional, halting the tariffs and giving the White House 10 days to suspend them. Trump's administration has criticized the ruling as a "judicial coup" and plans to appeal, marking a significant setback for his trade agenda.
KOR
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
asia manufacturing activity declines amid us tariff impacts and trade uncertainty
08:50 02.06.2025
capitalCORN secures 5 crore seed funding for Uni Seoul from Sauce VC
08:46 02.06.2025
South Korea's crypto industry poised for growth after June 2 election
08:37 02.06.2025
south korea's crypto industry poised for growth after presidential election
08:24 02.06.2025
world vision korea becomes first nonprofit to trade crypto in south korea
07:46 02.06.2025
Samsung to integrate Perplexity AI features into its devices and services
06:20 02.06.2025
samsung in talks to integrate perplexity ai into future devices
04:15 02.06.2025
nvidia rises as wall street stabilizes after court blocks trump tariffs
04:41 01.06.2025
asia economic summit highlights funding trends and climate tech investments
CHN
IND
KOR
JPN
IDN
HKG
VNM
SGP
ISR
Arjun Soin
Tanmay Bhat
Rahul Sethpal
Arjun Ramani
Advaith Vishwanath
Jason Zhao
Amrendra Singh
Lachy Groom
Jenni Lee
Nakuul Mehta
Show more
11:30 31.05.2025
court blocks trumps import tariffs citing overreach of executive authority
06:16 29.05.2025
Trending
Subcategory
AI Innovations
Corporate News
Stock Market Updates
Industry Trends
Market Analysis and Predictions
Startups & Entrepreneurship
Banking Regulations
Emerging Startups
Cybersecurity Innovations & Tech
Funding Rounds & Investments
Product Launches
Economic Indicators
Fintech Startups
Private Equity Deals
Software Development Trends
Venture Capital Investments
Retail and Consumer Goods
Industry Mergers & Acquisitions
AI Applications
Finance Mergers & Acquisitions
Countries:
Companies:
Huawei Technologies CO. Ltd.
UBS Group AG
NVIDIA Corporation
Nvidia Corporation
Apple Inc.
Google Inc.
Microsoft Corporation Corp.
Berner Kantonalbank AG
Deutsche Bank AG
Crane Company
Deyaar Development PJSC
Maverick Ventures (Israel) 1.5 GP Ltd.
SuperSeed B.V.
DeepSeek R1 USD
Tencent Holdings Limited
XPeng Inc.
Toyota Motor Corporation
Alphabet Inc.
Xiaomi Corporation
NEO-NEON
Currencies:
United States Dollar
Euro
Chinese Yuan
Swiss Franc
Indian Rupee
British Pound Sterling
Japanese Yen
South African Rand
Filipino Peso
Norwegian Krone
Offshore Chinese Yuan
People: